Penang-based semiconductor design firm SkyeChip Bhd has officially launched its prospectus for an initial public offering (IPO) on the Main Market of Bursa Malaysia. The company is looking to raise to RM352 million at an indicative price of 0.88 sen per share. This public issue consists entirely of new shares, signaling that current shareholders are not cashing out but are instead focusing on fueling the company's future growth in the integrated circuit design sector. 

The funds raised will be used to expand SkyeChip's capabilities in silicon intellectual property and custom semiconductor chip development. Retail applications for the IPO are set to close on May 6, followed by institutional applications on May 7, with the final listing scheduled for May 20, 2026. This move comes at a time when Malaysia is increasingly positioning itself as a key player in the global semiconductor upcycle. 

Industry analysts remain bullish on the semiconductor sector, noting that local firms like SkyeChip are well-positioned to benefit from rising global demand for specialized chips. The success of this IPO is expected to further bolster investor confidence in Malaysia’s technology and manufacturing sectors, which continue to drive the nation's economic progress in 2026.